Ireland hits second century

By Frank Jackman

16 Sep 2019

Ireland has extended its curve out to 2119 by placing its second century bond, three years after it sold its first in the tenor. Century and ultra-long dated bonds have seen a resurgence of interest this year as issuers look to lock in low interest rates at long dated maturities.

Irelandplaced a €105m 1.425% September 2119 bond on Wednesday. Deutsche Bank ran the deal. The issue price was undisclosed.

“This is a nice deal for lots of people,” said the banker. “I think it might have gone into Germany — they are the ones who are
...